PFSweb Inc. (PFSW) Receives $16.00 Average Price Target from Analysts
Shares of PFSweb Inc. (NASDAQ:PFSW) have earned a consensus recommendation of “Buy” from the eight brokerages that are currently covering the stock. One investment analyst has rated the stock with a sell rating, one has given a hold rating and six have issued a buy rating on the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $16.00.
PFSW has been the topic of a number of analyst reports. Cowen and Company initiated coverage on PFSweb in a research note on Tuesday, August 9th. They issued an “outperform” rating and a $15.00 price target on the stock. Canaccord Genuity restated a “buy” rating and issued a $17.00 price target on shares of PFSweb in a research note on Tuesday, August 9th. Lake Street Capital cut their price target on PFSweb from $18.00 to $17.00 and set a “buy” rating on the stock in a research note on Tuesday, August 9th. B. Riley reaffirmed a “buy” rating and set a $15.00 price objective on shares of PFSweb in a report on Sunday, November 13th. Finally, Zacks Investment Research lowered PFSweb from a “buy” rating to a “hold” rating in a report on Tuesday, November 1st.
In related news, insider Steven Stephan sold 16,077 shares of the firm’s stock in a transaction dated Monday, November 7th. The stock was sold at an average price of $7.15, for a total transaction of $114,950.55. Following the transaction, the insider now owns 11,577 shares of the company’s stock, valued at $82,775.55. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 5.20% of the company’s stock.
Several institutional investors have recently added to or reduced their stakes in PFSW. Walleye Trading LLC bought a new position in PFSweb during the second quarter worth about $109,000. The Manufacturers Life Insurance Company bought a new position in PFSweb during the third quarter worth about $107,000. Rhumbline Advisers raised its position in PFSweb by 14.1% in the second quarter. Rhumbline Advisers now owns 12,523 shares of the company’s stock worth $119,000 after buying an additional 1,545 shares in the last quarter. Airain ltd bought a new position in PFSweb during the second quarter worth about $128,000. Finally, Acrospire Investment Management LLC raised its position in PFSweb by 439.0% in the second quarter. Acrospire Investment Management LLC now owns 17,066 shares of the company’s stock worth $162,000 after buying an additional 13,900 shares in the last quarter. 61.33% of the stock is currently owned by hedge funds and other institutional investors.
PFSweb (NASDAQ:PFSW) opened at 7.95 on Monday. PFSweb has a 12-month low of $6.71 and a 12-month high of $15.87. The company has a 50-day moving average price of $7.84 and a 200-day moving average price of $9.73. The firm’s market cap is $148.71 million.
PFSweb Company Profile
PFSWEB, Inc is a global provider of omni-channel commerce solutions, including a range of technology, infrastructure and professional services. The Company’s service offerings include Website design, creation and integration, digital agency and marketing, e-commerce technologies, order management, customer care, logistics and fulfillment, financial management and professional consulting.
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